H. Eugene Lockhart, a director at Huron Consulting Group Inc. (NASDAQ:HURN), recently sold 1,042 shares of the company's common stock. The shares were sold at a price of $122.81 each, totaling approximately $127,968. This transaction was conducted under a pre-established Rule 10b5-1 trading plan, which Lockhart adopted on May 9, 2024. Following this sale, Lockhart holds 26,756 shares in the company.The transaction comes as Huron's stock has shown strong momentum, with a 35% gain over the past six months. According to InvestingPro analysis, the company maintains a "GREAT" financial health score and is currently trading near its Fair Value. While management has been actively buying back shares, InvestingPro subscribers can access 8 additional key insights about HURN, including detailed insider trading patterns and comprehensive valuation metrics in the Pro Research Report.
In other recent news, Huron Consulting Group has been making strategic moves to bolster its market presence. The firm recently announced the acquisition of AXIA Consulting, a move aimed at enhancing Huron's supply chain capabilities and expanding its technology portfolio. The integration of AXIA's expertise is expected to deepen Huron's market presence and deliver impactful solutions.
In terms of financial performance, Huron has demonstrated solid growth, with revenue increasing by 7.51% over the last twelve months. Additionally, the company reported a 3% increase in its third-quarter 2024 revenue compared to the same period in 2023, and a 21% rise in adjusted earnings per share year-over-year.
Despite project work delays shifting revenue from Q3 to Q4, Huron remains optimistic about its growth trajectory, particularly in its Commercial and Healthcare segments. The full-year revenue before reimbursable expenses guidance was narrowed to $1.47 billion to $1.49 billion, and the adjusted diluted EPS forecast was raised to $6.00 to $6.20.
These recent developments, including the AXIA acquisition and positive earnings results, highlight Huron's ongoing efforts to strengthen its operations and position itself for future growth.
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